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Property profile & analytics
FOR SALE
Strip malls
1055 N Mountain Ave Ontario, CA 91762
Entity Owned
~
Est. High Equity
Property ID
US10-1071946
For Sale
1 / 17
$2,400,000
1055 N Mountain Ave, Ontario, CA 91762
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Property summary
AI-generated overview
This 6,370 square foot retail center in Ontario, CA, is anchored by a 7-Eleven and boasts a 6.16% cap rate and $140,950 NOI. The property sits on a 0.48-acre lot with 30 parking spaces and enjoys 100% occupancy under a NNN lease. Located at 1055 N Mountain Ave (APN 1010-132-01), this center benefits from a prime location near major freeways (60, 10, and 210), with daily traffic exceeding 39,000 cars. The area features dense residential and commercial development, including nearby Walmart, Edwards 16-Plex movie theater, and various quick-service restaurants. Across the street is a large shopping center anchored by major national tenants. Under-market rents present significant upside potential. This investment offers a stable, long-term occupancy history within a 5-mile radius of over 480,000 people. The asking price is $2,400,000.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
WOOD FRAME
Total area
6,370 SF
Lot
0.48 ac (21,000 SF)
APN
1010-132-01-0000
UPID
US10-1071946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amazon Hub Locker - Bells Postal Service Courier Service
-
7-Eleven Grocery & Convenience Store
-
Cardtronics ATM Atm
-
Citibank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$2.49M
Owner & transaction history
Ontario Retail Mountain Properties
Ontario Retail Mountain Properties
since 2025
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+74.6%
Commercial (general)
$2.8M
+64.6%
Office building
$2.8M
+61.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ontario submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ontario submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,920,000
6.5%
$1,775,000
7%
$1,645,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,715,000
Current use
RESTAURANT
$2,995,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,820,000
Change: +65% · Conversion: Easy
OFFICE BUILDING
$2,770,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,235,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,940,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$1,845,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,735,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.57M (Jun 30 2025)
Last sale anchor
$2.57M
Jun 30 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$391 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,809
Tax year 2023
Assessed value
$2,242,243
Assessed 2024
Previous assessed
$2,198,278
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$562,906
Assessed improvement
$1,679,337
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1988
Construction
WOOD FRAME
Heating
NONE
Units
4
Total area
6,370 SF
Lot
0.48 ac (21,000 SF)
APN
1010-132-01-0000
UPID
US10-1071946
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD FRAME
Heating
NONE
Units
4
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ontario Retail Mountain Properties
Entity
Mailing address
8315 BEVERLY BLVD #100, LOS ANGELES, CA 90048-2669
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$2,570,000
Ontario Retail Mountain Properties
Edward Fred Jacob
Grant Deed
$1,300,000 · Cathay Bank
Mar 25, 2020
—
Edward F Jacob
Victoria T V Diaz
Quit Claim Deed
related
$1,000,000 · Olerich Richard T Trust (pt)
Nov 12, 1996
—
T H C
Harris,malcolm H Etal
Grant Deed
related
—
—
—
Harris Trust
—
Deed Of Trust
related
$115,000 · City National Bank
—
—
T H C INC
—
Deed Of Trust
related
$400,000 · Stancorp Mortgage Investors
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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